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House Prices in WV3

The average house price in WV3 (Wolverhampton) is £262,000 using HM Land Registry data.

The average property price increased by £59,451 (21.33%) over the last 5 years and increased by £11,882 (3.32%) over the last 12 months.

Over the last year, there were 214 residential property sales – a decrease of 142 transactions (-66.36%) relative to the previous year. The majority of house sales (52) were in the £152,000 - £204,000 range. Then came properties in the £100,000 - £152,000 range, where 36 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 55 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,208 (-3%).

In April 2024, there were 55 new estate agency instructions, 35 agreed home sales and 23 property price reductions.

5-Year Average Property Prices in WV3 (Wolverhampton)

21.33%

Property prices in Wolverhampton increased by 21.33% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in WV3 (Wolverhampton) Over the Last Year

3.32%

Property prices in Wolverhampton increased by 3.32% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for WV3 (Wolverhampton) - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in WV3 (Wolverhampton)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in WV3 (Wolverhampton)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in WV3 (Wolverhampton)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the WV3 (Wolverhampton) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the WV3 postcode area since 1995.

Recent Sales in WV3 (Wolverhampton)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
5 The Spinney, Wolverhampton, West Midlands, WV3 9HE	£295,000	£275,000	-£20,000	09 Oct 2023	04 Mar 2024	147 Days
4 The Dingle, Finchfield, Wolverhampton, West Midlands, WV3 9ET	£270,000	£250,000	-£20,000	09 Oct 2023	01 Mar 2024	144 Days
20 Trysull Gardens, Wolverhampton, West Midlands, WV3 7LD	£250,000	£225,000	-£25,000	19 Sep 2023	28 Feb 2024	162 Days
25 Ashenden Rise, Wolverhampton, West Midlands, WV3 8LE	£239,950	£225,000	-£14,950	17 Jul 2023	19 Feb 2024	217 Days
5 Holly Grove, Penn Fields, Wolverhampton, West Midlands, WV3 7DX	£230,000	£205,250	-£24,750	03 Jul 2023	19 Feb 2024	231 Days
16 Copthorne Road, Penn Fields, Wolverhampton, West Midlands, WV3 0AB	£325,000	£325,000	£00	14 Aug 2023	02 Feb 2024	172 Days
38 Uplands Avenue, Wolverhampton, West Midlands, WV3 8AA	£395,000	£382,500	-£12,500	19 Sep 2023	12 Jan 2024	115 Days
88 Rowan Crescent, Wolverhampton, West Midlands, WV3 7HL	£369,950	£340,000	-£29,950	12 Jul 2023	12 Jan 2024	184 Days
Flat 2, Lawton Court, Oaks Crescent, Chapel Ash, Wolverhampton, West Midlands, WV3 9SH	£89,950	£85,500	-£4,450	17 Aug 2023	05 Jan 2024	141 Days
143 Church Road, Bradmore, Wolverhampton, West Midlands, WV3 7EJ	£290,000	£283,500	-£6,500	18 Jul 2023	05 Jan 2024	171 Days
9 Finchfield Road, Wolverhampton, West Midlands, WV3 9LS	£165,000	£165,000	£00	12 May 2023	20 Dec 2023	222 Days
122 Clark Road, Wolverhampton, West Midlands, WV3 9PD	£350,000	£345,000	-£5,000	08 Mar 2023	11 Dec 2023	278 Days
Flat 24, Lawton Court, Oaks Crescent, Chapel Ash, Wolverhampton, West Midlands, WV3 9SH	£90,000	£85,000	-£5,000	01 Mar 2023	24 Nov 2023	268 Days
19 Rowan Crescent, Wolverhampton, West Midlands, WV3 7HN	£225,000	£197,000	-£28,000	28 Jul 2023	24 Nov 2023	119 Days
31 Willow Road, Wolverhampton, West Midlands, WV3 8AF	£375,000	£360,000	-£15,000	03 Jul 2023	22 Nov 2023	142 Days
69 Bhylls Lane, Wolverhampton, West Midlands, WV3 8DZ	£225,000	£220,000	-£5,000	10 Jul 2023	22 Nov 2023	135 Days
65 Market Square, Wolverhampton, West Midlands, WV3 0NL	£80,000	£70,000	-£10,000	07 Mar 2023	20 Nov 2023	258 Days
81 Victoria Road, Bradmore, Wolverhampton, West Midlands, WV3 7HA	£299,950	£295,000	-£4,950	08 Jun 2023	17 Nov 2023	162 Days
15 Pool Hall Road, Wolverhampton, West Midlands, WV3 8JR	£189,950	£176,000	-£13,950	15 May 2023	17 Nov 2023	186 Days
27 Oxbarn Avenue, Wolverhampton, West Midlands, WV3 7HD	£220,000	£215,000	-£5,000	17 May 2023	13 Nov 2023	180 Days

Most Expensive Streets in WV3 (Wolverhampton)

Postcode	Street	Area	Average	No. of Sales
WV3 9DY	Waterdale, Compton	Wolverhampton	£559,500	6
WV3 8JT	Radford Lane	Wolverhampton	£550,500	4
WV3 8LG	Lamorna Close	Wolverhampton	£455,000	3
WV3 8LN	Castlecroft Gardens, Finchfield	Wolverhampton	£452,499	6
WV3 7LU	Coalway Road, Penn	Wolverhampton	£425,333	3
WV3 9DL	Compton Hill Drive	Wolverhampton	£425,000	4
WV3 8EZ	Meadow Road, Finchfield	Wolverhampton	£424,200	5
WV3 9DQ	Finchfield Hill	Wolverhampton	£411,250	4
WV3 0AB	Copthorne Road, Penn Fields	Wolverhampton	£409,928	7
WV3 8EX	Westfield Grove	Wolverhampton	£401,666	3

Least Expensive Streets in WV3 (Wolverhampton)

Postcode	Street	Area	Average	No. of Sales
WV3 7EG	Worcester Court, Chequer Street, Penn Fields	Wolverhampton	£64,166	3
WV3 0RR	Lennox Gardens	Wolverhampton	£72,416	6
WV3 9LE	Merridale Court, Merridale Road	Wolverhampton	£73,500	3
WV3 9RN	Barclay Court, Compton Road	Wolverhampton	£80,333	3
WV3 0AZ	Bruford Road	Wolverhampton	£80,500	4
WV3 9BE	Limehurst Avenue	Wolverhampton	£82,600	5
WV3 9LD	Merridale Court, Merridale Road	Wolverhampton	£82,620	5
WV3 0EY	Lime Street	Wolverhampton	£84,900	4
WV3 9SH	Lawton Court, Oaks Crescent	Wolverhampton	£85,492	7
WV3 9BL	Star Street	Wolverhampton	£86,357	7